Press release
CHESAPEAKE ENERGY CORPORATION RELEASES 2022 SUSTAINABILITY REPORT
OKLAHOMA CITY, June 9, 2023 /PRNewswire/ -- Chesapeake Energy Corporation (NASDAQ:CHK) today published its 2022 Sustainability Report, marking the company's
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[{"type":"text","content":"OKLAHOMA CITY, June 9, 2023 /PRNewswire/ -- Chesapeake Energy Corporation (NASDAQ:CHK) today published its 2022 Sustainability Report, marking the company's 11th year reporting on its environmental, social and governance (ESG) performance. This report continues the company's commitment to transparency, enhanced disclosures and measurable progress.\n\n \n \n \n \n \n \n\n \n\"The world is short on energy, and we must ensure today's market has an adequate energy supply to meet consumer needs, while reducing our carbon and environmental impact. Chesapeake's sustainability strategy, and our performance to date, prove that this is possible,\" said Nick Dell'Osso, Chesapeake's President and Chief Executive Officer. \"We approached this year's reporting with the same values we bring to work every day: respect for our stakeholders, integrity in our performance, a stewardship mindset and a commitment to continuous improvement.\"\nSpecific 2022 sustainability highlights include:\nLowered its 2025 climate targets on pathway to net zero: After meeting its initial 2025 interim targets in 2021, Chesapeake further lowered its goal for methane intensity and greenhouse gas (GHG) intensity to 0.02% and 3.0 mt CO2e/gross mboe produced. These targets are in support of the company achieving net zero greenhouse gas (GHG) (Scope 1 and 2) by 2035.Achieved 100% RSG across two major basins: Chesapeake is the first company to certify its natural gas production across two major basins as Responsibly Sourced Gas (RSG). The company delivers approximately 6 bcf/d of gross operated produced volumes of RSG. This sets us up to Be LNG Ready and primed to serve international markets.Hired its first Chief Sustainability Officer: Reporting directly to the CEO, our Chief Sustainability Officer leads the company's sustainability strategy and reporting, among other responsibilities. An environmental engineer by training, she brings to the role extensive experience from within the energy industry.Improved safety performance across entire workforce: Through focused training and increased safety programs, Chesapeake lowered its employee, contractor and combined (employee and contractor) Total Recordable Incident Rate (TRIR) and Lost-Time Incident Rate (LTIR). Contractor safety rates improved by approximately 50% year-over-year.Enhanced stakeholder relations: Creating mult...